Economy News

5.1

Algeria – Bulgaria: A Business Council to Enhance Economic Cooperation

An Algerian – Bulgarian Business Council was created on 20 February 2013 in Algiers to trigger a new momentum in the economic relations between the two countries to attain a […]

4.1

President Bouteflika gives audience to Bulgarian Foreign Minister

On 19 February 2013, President Abdelaziz Bouteflika gave audience to Bulgarian Foreign Minister Nickolay Mladenov who is on a visit inAlgeria. The meeting took place at the Djenane El-Mufti Residence in […]

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Prime Minister Sellal meets with Bulgaria’s Foreign Minister

On 19 February 2013 in Algiers, Algerian Prime Minister Abdelmalek Sellal met with Bulgaria’s Foreign Minister who came on a working visit to Algeria at the invitation of his Algerian […]

Balancing The Account By Hand

Economic Public Enterprises Exempted from the Procurement Mechanism

A New Public Procurement Code Upon approval by the Council of Ministers end 2012, the new Public Procurement Code was enforced by a Presidential Decree published in the first issue […]

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Foreign trade: A surplus of USD 23 billion for the first ten months of 2012 (Customs Office)

Algeria’s foreign trade has shown a surplus of $23.322 billion for the first ten months of 2012 against $18.43 billion for the same period of 2011, up by 26 percent, […]

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Portugal and Spain to Build 100,000 Homes in Algeria

Portugal and Spain will build 100,000 homes in Algeria through the creation of joint ventures with local partners. This is how the government hopes to boost housing. Algeria has commissioned […]

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Housing: A New Strategy Is Taking Shape in Algeria

By Riyad Hamadi The Government’s new housing strategy is taking shape. After a massive social housing construction work done mainly by Chinese companies,Algeriais aiming at the diversification of its partnerships […]

Algeria’s Foreign Trade According to Major User Groups Period : July (2011/2012)

Milion dinars/dolars Imports July 2011 July 2012* Evolution (%) Dinars Dollars Structure (%) Dinars Dollars Structure (%) Foodstuff 60139 834 20,17 58171 721 18,58 -13,55 Energy & Lubricants 8 081 […]

Trans-Sahara Gas Pipeline (TSGP)

Algeria, Nigeria and Niger sign an intergovernmental agreement for the construction of the TSGP

Algeria, Nigeria and Niger have signed in Abuja an intergovernmental agreement on the construction of the Trans-Sahara Gas Pipeline (TSGP) which will connect Nigeria to Europe, via Algeria and Niger, […]

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The Algerian Economy

IN AN UPWARD TREND, THE ECONOMIC INDICATORS ARE CONTINUING TO IMPROVE Algeria’s economy is performing well, with all of the country’s major macroeconomic indicators on an upward trend. The economy […]

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What is Medgaz?

With a transport capacity of 8 billion cubic metres/year. I will connect Beni Saf on the Algenan coast to Akneria a Spanish coast. It will be supplied from the Hassi R gas […]

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Volume of Exports

Exported hydrocarbons (liquid and gaseous) volume has been stable over the period 2000-2008 with an average annual growth rate of 1.0 % increasing from 124 Mtoe in 2000 to 135 […]

Finance-Law

Complementary Finance Law 2009

Increase in expenditure and new measures for investment and employment The 2010 Finance Bill, adopted by the Council of Ministers, provides for an increase in budgetary expenditure and puts in […]

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Algeria-IMF

Mr Djoudi is counting on 3.9% growth for 2009 in Algeria The Algerian economy should achieve positive growth of 3.9% in 2009, stated, in Istanbul, the Minister of Finance, Karim […]